314 homes are currently Under Contract (LOWER by 3 listings than last month) and those homes have an average List Price of$440,086.

In the past six months, there have been 1,015 successfully Closed area real estate listings with an average SALES price of $439,847.

SOLD activity is the biggest piece of real estate activity in the south Charlotte area right now and the 6 month sales pace is at a new more than 3 YEAR high.

There are still Active listings at a wide variety of price points, but the recently Sold and current Under Contract activity are now 67% of real estate activity in the south Charlotte region as of October 2012.

The supply of homes for sale edged DOWN for the 6th straight month to 4 months of real estate inventory as of October 2012.

The area’s current supply of real estate inventory is BELOW balanced conditions and out of Buyer favored territory.

The current supply of homes for sale in Area 5 is a new LOW for the past 34 months.

The supply of homes for sale in south Charlotte NC is LOWER than it was at this time last year.

There are still choices for Buyers to consider but for the area as a whole, there is NOT an excessive supply of homes for sale right now.

The available options for home Buyers to consider in the South Charlotte region cover a wide variety of price ranges – whether any of those options meet your needs only you, can decide.

To view homes for sale in some of South Charlotte NC’s neighborhoods (links updated daily):

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About dianemcdermott

Diane is deeply passionate about serving single and divorced women home buyers, first time home buyers and new to the area buyers navigate the Charlotte area home buying process. Having recently navigated separation and divorce she has deep respect for the stress of transition and need for a home living situation that supports and nurtures. She connects and guides clients as they navigate the home buying process, transitioning to a space they'll love calling home.
Landis E2 Real Estate LLC